Setna Leases 102046 SF Industrial Space At MidPoint Logistics In Hialeah From Dalfen Industrial
11250 West 36th Avenue
Building Size
102,046 SF
Asset Type
Industrial
Closing
Dec 15, 2025
AI
The leased property is located at 11250 West 36th Avenue in Hialeah, covering an area of 102,046 square feet. It is classified as an industrial asset in the Hialeah market, and will host full aviation maintenance and technical services, including teardown, testing, repair, and overhaul. The facility contains approximately 25,000 square feet of office space and specialized rooms, supporting Zulu Global’s FAA 145 repair station.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11250 West 36th Avenue
- Market: Hialeah
- Landlord: Sean Dalfen - Dalfen Industrial
- Tenant: David Chaimovitz - Setna
- Landlord's Representatives: Devin White, Tom O'Loughlin, and David Albert - CBRE
- Tenant's Representatives: Andrew Lehrer and Wayne Schuchts - SRS Real Estate Partners; Denise Chaimovitz - Entre Commercial Realty
Setna, a Chicago-based aviation company, is making its entry into the Miami market with this lease. The transaction will strengthen its operations in aviation maintenance and support functions.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93